NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                                                                              *244411*
           AMTI  Alternative2024         Minimum Tax                              ,

           Calculation of Income

  Name of Corporation/Designated Filer                                                                                                            FEIN                                          Minnesota Tax ID Number
                                                                                                                                                                                                                                                   You must round amounts 
                                                                                                                                                                                                                                                   to nearest whole dollar.

                       1  Minnesota net income (from M4I, line 7)   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . 1                                                                             
                       2                         Adjustments and preferences   
                                                 a Depreciation of post-1986 property   . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .                         2a   
                       
                           b Amortization of certified pollution control facilities   . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . 2b   
                       
                           c Amortization of mining exploration and development costs  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .                                                                   2c   
                       
                           d Amortization of circulation expenditures (personal holding companies only)    . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 2d   
                       
                           e Adjusted gain or loss                                  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . . 2e   
                       
                           f Long-term contracts    .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .                                2f   
                       
                                                 g Merchant marine capital construction funds   . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . 2g   
                       
                                                 hSection        833(b) deduction  (Blue Cross, Blue Shield, and similar type organizations only)                   . . .  . . . . . .  . . . . . . 2h  .

                                                 i Tax shelter farm activities (personal service corporations only)  .  . . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . 2i   

                           j Passive activities (closely held corporations and personal service corporations only)   . . .  . . . . .  . . . . . .  . . . . .  . 2j   

                           k Loss limitations . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .                         2k   

                           l Intangible drilling costs . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 2l   

                           m Other adjustments and preferences  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . 2m   

                       3  Pre-adjustment alternative minimum taxable income. Combine lines 1 through 2m   . . . . .  . . . . . .  . . . . . .  . . . .  .                                                                                     3   

                        4                        Adjusted current earnings (ACE) adjustment
                                                 a  ACE from line 9 of the ACE worksheet  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . 4a   
                                                 b  Subtract line 3 from line 4a. If line 3 exceeds line 4a,  
                                                   enter the difference as a negative amount. (See instructions)  . . .  . . . .  .4b   
                        
                                                 c  Multiply line 4b by 75% (0.75). Enter the result as a positive amount .  .4c   
                                                 d  Enter the excess, if any, of the corporation’s total increases in 
                                                   AMTI from prior year ACE adjustments over its total reductions in  
                                                   AMTI from prior year ACE adjustments. See instructions.   . . . . .  . . . . .                 4d   
                                                   Note: You must enter an amount on line 4d (even if line 4b is positive) 
                                                 e  ACE adjustment
                                                                        • If line 4b is zero or more, enter the amount from line 4c
                                                                        • If line 4b is less than zero, enter the smaller of line 4c or line 4d as a negative amount  . . . .  . . . . .  . . . . .  .4e   

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                                                                                                                                   9995

                                                                                    NEAR FINAL DRAFT 8/1/24
           AMTI  Alternative2024         Minimum Tax, page 2    ,
                                                                                                                                                                                                               *244421*
                      Calculation of Income

  Name of Corporation/Designated Filer                                                                                                                                            FEIN Minnesota Tax ID Number
                                                                                                                                                                                                                   You must round amounts 
                                                                                                                                                                                                                   to nearest whole dollar.

                      5  Combine lines 3 and 4e   . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . .  . 5   
                                                 If result is zero or less, or if $310,000 or more, skip lines 6a and 6b and leave line 6 blank.
                         If between zero and $310,000, continue on line 6a.

                                                 6a   Subtract $150,000 from line 5. If result is zero or less,  
                                                     leave blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .           6a   

                                                 6b  Multiply line 6a by 25% (0.25)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6b   

                      6  Exemption (subtract line 6b from $40,000)                   . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  .6   

             7  If line 5 is zero or less, enter amount from line 5.  
                         If line 5 is more than zero, subtract line 6 from line 5; if result is zero or less, leave blank  . . .  . . . . . .  . . . . .  . . .  7   
            
                      8  Total nonapportionable income (from M4I, line 8)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  .  .                       8   

             9  Alternative minimum taxable income  
                         (subtract line 8 from line 7)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . .  . 9   

                                                 Enter amount on AMTT, line 1.

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